The most significant upgrade for the Ethereum blockchain network is on the way, and it is expected to happen on 12/09/2022. Since the countdown has been initiated, the crypto community is already excited about the trend of Ethereum merge news. Essentially, “The Merge” indicates the combination of the current Ethereum mainnet to the Beacon Chain of the PoS system.
We have asked some questions about the possibility of ETH’s take over BTC, Ethereum merge price prediction, and important stage (Core developer of Ethereum Vitalik Buterin said, the surge, verge, purge, and splurge are actually key parts of Ethereum’s scaling, cleanup, and evolution) after the merge to our Experty members, most of them are looking excited. Summarizing their feedback, ETH price could get a massive upsurge, it could have a very competitive long run against BTC as it has a huge active crypto community, and all the steps mentioned in the roadmap are equally indispensable to make Ethereum a more powerful, and robust network.
The major upgrade “The Merge” will make Ethereum 99% more energyefficient because the PoW part of Ethereum falls away to cut out Ethereum miners forever. Probably you have also noticed the PoS Beacon Chain back in 2020, but that chain was neutered, and parallel running with the mainnet of Ethereum, and after the upgrade, that chain will be added to the mainnet of Ethereum. Okay, now let’s dive to check the exciting feedback provided by our members. You might say aHHa at the end.
We have asked 5788 Experty community members questions related to "What will happen to ETH and its price after The Merge?". We have received many valuable replies, the best ones (based on Experty community feedback) you can read below.
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Experty Problem Solver
In your opinion, how the Merge will change ETH price?
At the time of writing, the ETH price is around $1500. I think that ETH value and price will rise, maybe it won't hit a new ATH just yet, but I hope that it will fluctuate around $3000.
Will Ethereum take over Bitcoin? Elaborate.
I believe that the Merge is Ethereum’s chance to take over Bitcoin. ETH’s transition to a proof-of-stake consensus mechanism would transform its monetary policy, making ETH more scarce than BTC. The ETH researcher Vivek Raman said: “After The Merge, Ethereum will have lower inflation than Bitcoin. Especially with fee burns, Ethereum will be deflationary while Bitcoin will always be inflationary. Although, with every halving, the inflation rate goes down.”
Which stage is the most crucial in your opinion?
I think the Merge stage is the most important. We all know that is only 40% (55% after the Merge) of the progress, but it will combine the Ethereum mainnet with the proof-of-stake beacon chain. Also, if they fail with the Merge, the next changes will be impossible.
Chiamaka Bernard
In your opinion, how the Merge will change ETH price?
The Ethereum merge has been anticipated for In a long while which makes it easier to say that the ledger system will now have a lesser fee after launching on the new Blockchain as a POS from it initial POW system that was used. With the POS it is believed that the Ethereum fees will now be used with a lower fee for exchange on the Ethereum Blockchain.
Will Ethereum take over Bitcoin? Elaborate.
They chances are narrow, even if the Bitcoin ledger system is still used on the POW system as the Ethereum before the merge. Now the Ethereum merge is going to transform Ethereum price to skyrocket in a very short period of time. Ethereum will never surpass Bitcoin even on long term holding.
Which stage is the most crucial in your opinion?
They stages that Ethereum has built were all difficult at the initial start but towards the ending now it is yielding positive value. They most crucial stage of it all was the transition State of the entire process and it will be fairly good to raise Ethereum native token.
Krishna YoganarasimhaA seasoned strategy professional with multitude of skills.
In your opinion, how the Merge will change ETH price?
The Merge will have a significant impact on the ETH price, as it is expected to result in greater liquidity and improved oversight of the ecosystem. This should lead to more consistent prices and better stability for ETH relative to other cryptocurrencies. Additionally, the addition of new dapps and smart contracts onto the Ethereum network should benefit its value long-term.
Will Ethereum take over Bitcoin? Elaborate.
While it is impossible to say which cryptocurrency will become the dominant force in the future, Ethereum seems to be on a strong trajectory. Firstly, Ethereum has greater potential for growth due to its ability to handle more transactions than Bitcoin. Additionally, Ethereum offers users stronger security features and an overall enhanced platform. In terms of developers and entrepreneurs, Ethereum enjoys a much larger community compared to Bitcoin. This bodes well for the long-term viability of this cryptocurrency as developers continue to build innovative Dapps that can benefit millions of people worldwide. Overall, there are many reasons why investors should consider investing in Ether (ETH) moving forward.
Which stage is the most crucial in your opinion?
Purge is a necessary step on the Ethereum roadmap, and it's likely to be crucial in shaping the future of this blockchain platform. Purge provides developers with an opportunity to “cash out” their ERC20 tokens by burning them off or "purging" them from the blockchain. This will help to eliminate dead weight and make way for new and innovative dApps that are built on top of Ethereum. The experts anticipate that purge will have a significant impact on network stability as it makes room for more transactions per second. It will also encourage users to adopt newer features and upgrades offered by Ethereum, which in turn would strengthen its position as the leading smart contract platform. So while purge might not be everyone's cup of tea, it is definitely something worth keeping an eye on!
Dan JHi
In your opinion, how the Merge will change ETH price?
I think the news covering the Merge will create FOMO among many people and will make the ETH price jump. I also think the whales of ETH will be excited once it reaches over $5,000.
Will Ethereum take over Bitcoin? Elaborate.
In the long run it will because firstly, Bitcoins stigma is associated with the black market where as Ethereum has a lot of practical uses and is a lot more affordable.
Which stage is the most crucial in your opinion?
I think The Verge because if you can reduce node sizes and allow ETH to be more scalable, then developers and companies have more value for using and integrating ETH into their services/products.
Michael UsidamenSoftware developer, Mobile web developer, Cryptocurrency expert
In your opinion, how the Merge will change ETH price?
In my own opinion I think merging will be of good to ethereum following it's completion of the Ethereum 2.0 causing the coin to have high possibility of increasing it's current market value following the recent turn of events between btc and eth at the first half of this year. I see ethereum breaking the barrier above all odds in it's market price
Will Ethereum take over Bitcoin? Elaborate.
The chances of ethereum taking over Bitcoin is high as both coin have high tendency to increase it's currents market price, especially for the ethereum when it launches it's "Ethereum 2.0"
Which stage is the most crucial in your opinion?
In my own opinion the most curial stage is "the surge" (because when this stage is split into shades it's going through a risky but brave phase) but when it is accomplished the possibility and tendency of the remaining stages will be a success heading towards a positive direction.
Roviee DeanCrypto lover, NFT Enthusiast
In your opinion, how the Merge will change ETH price?
I believe the merge will bring about a drastic reduction in transaction charges as well as reduce transaction time. This is already being observed in recent times as transaction fees are at the moment in all time. I was shocked to see NFT Collection approval for opensea.io trading at a mere $0.56 as compared to over $100 and above at some point in the past. I am of the opinion that once the merge is implemented, it would bring good things to the Ethereum Blockchain
Will Ethereum take over Bitcoin? Elaborate.
I cannot fully talk about the possibility that Ethereum will overtake Bitcoin as the lead cryptocurrency. I honestly do not have the technical capacity to reach such conclusion. However, I have come to learn in this crypto industry that anything is possible. I believe we just have to wait and see.
Which stage is the most crucial in your opinion?
Every stage in the roadmap is vital to the Ethereum project. If the merge is actualized, it will prove that the project is on course and that the people behind it are hard at work. So I believe every stage that gets executed is crucial.
Numan PolattimurPsychologist
In your opinion, how the Merge will change ETH price?
I think it will but not a lot. The market itself and other factors might effect price change as well. But who knows it might bring jump for ETH.
Will Ethereum take over Bitcoin? Elaborate.
In the long run it might take over Bitcoin. There are still more updates to come and the system is still new to the world. We will wait and see how it turns out.
Which stage is the most crucial in your opinion?
The Splurge stage is the nost important one for me. Making smaller updates to ensure everything runs smoothly from previous updates. Vitalik calls this "the fun stuff" since this stage does all the hard work.
Devin HummelArtist
In your opinion, how the Merge will change ETH price?
It has the potential to speed up the network as well as lower fees. However, a lot of people were disappointed by the speculation of ethereum going through massive changes past, only to have developed very little compared to the drastic predictions. With the market tanking in values, I think this will do little to give ETH an advantage over BTC, but it can bolster it’s strength against falling market prices.
Will Ethereum take over Bitcoin? Elaborate.
Just in utility. Eth can have more uses than BTC, but it won’t gain more popularity in mainstream culture as a topic or prospective storage of wealth asset.
Which stage is the most crucial in your opinion?
This one. The bear market is challenging the future of crypto. Lawsuits, regulations, and the looming recession will permanently change the crypto/defi space
Dmitriy UMiner
In your opinion, how the Merge will change ETH price?
I think for the better. And with a decrease in the commission in the network. In general, commissions in the Ethereum network should be reduced. There are a lot of tokens in this network that cost nothing when transferred, the commission is higher.
Will Ethereum take over Bitcoin? Elaborate.
I think for the better. And with a decrease in the commission in the network. In general, commissions in the Ethereum network should be reduced. There are a lot of tokens in this network that cost nothing when transferred, the commission is higher.
Which stage is the most crucial in your opinion?
I think for the better. And with a decrease in the commission in the network. In general, commissions in the Ethereum network should be reduced. There are a lot of tokens in this network that cost nothing when transferred, the commission is higher.
Halebeedu Prakash Pradeep Halebeedu PrakashIn your opinion, how the Merge will change ETH price?
The price will increase. This will eventually push the block chain market especially bitcoin. Later on, this may impact the overall global market.
Will Ethereum take over Bitcoin? Elaborate.
No. Bitcoin has its own charm. It is the first crypto in the world. There could be a possibility that bitcoin will be more valuable due to the ethereum merge.
Which stage is the most crucial in your opinion?
Merging is the crucial point. This has a tremendous effect on the overall performance of the crypto market. The value of the block chain technologies is heavily dependent on etherium.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.